[Radix]

I was surprised to see this in the Boston Globe today.

[fishtank]

Bump for the New Europe!!!!

[donozark]

Article states Serbia went to Flat Tax two years ago. Anyone know precisely what rate they chose?

[Stellar Dendrite]

Our economy would be incredible if we could get Fair Tax implemented.

[Boundless]

> ... many former Soviet bloc countries are adopting an idea ...

Old Europe was considering it too, but they balked when
they found out that they couldn't set the rate higher
than 100%.

[Eagle of Liberty]

LET'S GO FAIR TAX! LET'S GO!

[Lukasz]

Eastern European ping list

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FRmail me to be added or removed from this Eastern European ping list ping list.

[Alberta's Child]

Some of these stories are deceptive because they only include the "income tax" portion of the tax structure. There was a story last year about Russia's 13% flat income tax rate, and I was surprised to learn that the tax rates on income in Russia are actually much higher than that. The "social insurance taxes," which are the equivalent of our FICA and Medicare payroll deductions, were so high in Russia that even with a 13% flat "income tax" rate there was an enormous underground economy that involved untaxed income. One of the standard means of circumventing these taxes was to have employees work for non-salary "income" like cars, apartments, etc.